INVENTORY MODELS Inventory: Organizations spend lot of money in materials. Material cost represent 20 to 60 percent of the cost of production, even a small saving in material…
Chapter 13 - Inventory Control Chapter 13 Inventory Control Learning Objectives for Chapter 13: 1. Explain the different purposes for keeping inventory. 2. Understand that…
WORKING CAPITAL MANAGEMENT 1 OUTLINE Characteristics of Current Assets Factors Influencing Working Capital Requirements Level of Current Assets Current Assets Financing Policy…
1. Edited By JQuek 2. Define the meaning of inventory management Be able to list and describe the inventory list Compare & contrast holding inventory against…
Slide 1ISEN 315 Spring 2011 Dr. Gary Gaukler Slide 2 Inventory Control Deterministic inventory control Stochastic inventory control MRP / Lot sizing / JIT Supply chain management…
Slide 1Inventory Management Slide 2 What is Inventory Management? Slide 3 Inventory Inventory : A stock or store of goods. Slide 4 Independent Demand A B(4) C(2) D(2)E(1)…
Slide 1ISEN 315 Spring 2011 Dr. Gary Gaukler Slide 2 Lot Size Reorder Point Systems Assumptions –Inventory levels are reviewed continuously (the level of on-hand inventory…